Geneva Capital Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Geneva Capital Management LLC reported 121 stock positions worth $5.8 billion. Its top holding was RBC Bearings (RBC) at 4.0% of the portfolio, followed by Construction Partners Class A (ROAD, 4.0%) and Exlservice (EXLS, 3.8%). Compared with Q2 2025, it opened 2 new positions, sold out of 4, added to 29 and reduced 90. The biggest buy was Onto Innovation (ONTO, shares +0%) and the biggest sale SPS Commerce (SPSC, shares −22%).

Most Recent 13F
Q2 2026
Location
MILWAUKEE, WI
CIK
0001009232
Portfolio Value
$5.8B (Q3 2025)
SEC Filing
0001009232-25-000016 ↗ filed Nov 13, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $5.7B Q1 2024 Q2 2024: $5.5B Q2 2024 Q3 2024: $6.0B Q3 2024 Q4 2024: $5.8B Q4 2024 Q1 2025: $5.4B Q1 2025 Q2 2025: $6.0B Q2 2025 Q3 2025: $5.8B $5.8B Q3 2025 Q4 2025: $5.3B Q4 2025 Q1 2026: $4.7B Q1 2026 Q2 2026: $4.4B Q2 2026

Holdings 121 stocks · $5.8B
RBC RBC Bearings Inc. 4.02% 600,365 $234.3M Reduce -5.2%
ROAD Construction Partners Inc. Class A 3.95% 1,814,971 $230.5M Reduce -16.2%
EXLS Exlservice Holdings Inc. 3.77% 4,997,704 $220.0M Reduce -0.3%
AAON Aaon Inc. 3.24% 2,023,146 $189.0M Reduce -0.7%
ESE Esco Technologies Inc. 3.19% 879,829 $185.7M Reduce -0.3%
TXRH Texas Roadhouse Inc. 2.72% 954,729 $158.6M Reduce -0.7%
BCPC Balchem Corp. 2.54% 987,982 $148.3M Add +10.3%
DSGX The Descartes Systems Grp 2.54% 1,572,053 $148.1M Reduce -0.1%
OLLI Ollie's Bargain Outlet Holdi 2.49% 1,128,916 $145.0M Reduce -0.0%
KNSL Kinsale Capital Group Inc. 2.47% 338,738 $144.1M Reduce -0.6%
ONTO Onto Innovation Inc. 2.40% 1,084,447 $140.1M Add +0.3%
EXPO Exponent Inc. 2.21% 1,858,685 $129.1M Reduce -1.0%
TYL Tyler Technologies Inc. 2.11% 235,647 $123.3M Reduce -1.1%
GMED Globus Medical Inc. Class A 2.05% 2,083,939 $119.3M Add +0.1%
CWST Casella Waste Systems Inc. Class A 2.04% 1,256,415 $119.2M Add +15.9%
HQY Healthequity Inc. 1.78% 1,097,607 $104.0M Reduce -1.0%
NOVT Novanta Inc. 1.68% 979,038 $98.1M Reduce -1.0%
SITE Siteone Landscape Supply Inc. 1.68% 760,190 $97.9M Add +0.0%
TREX Trex Company Inc. 1.53% 1,723,945 $89.1M Add +0.1%
SPXC SPX Technologies Inc. 1.51% 470,928 $88.0M Reduce -0.4%
AGYS Agilysys Inc. 1.48% 817,803 $86.1M Add +0.1%
LMAT Lemaitre Vascular Inc. 1.37% 912,248 $79.8M Reduce -0.3%
RGEN Repligen Corp. 1.37% 596,768 $79.8M Add +22.4%
BLKB Blackbaud Inc. 1.35% 1,224,409 $78.7M Add +0.2%
BFAM Bright Horizons Family Solut 1.32% 709,384 $77.0M Add +18.3%
CERT Certara Inc. 1.29% 6,160,754 $75.3M Add +0.8%
FSV Firstservice Corp. 1.25% 383,618 $73.1M Reduce -0.3%
VERX Vertex Inc. Class A 1.25% 2,932,884 $72.7M Reduce -2.8%
DORM Dorman Products Inc. 1.22% 454,713 $70.9M Reduce -0.3%
VVV Valvoline Inc. 1.20% 1,947,529 $69.9M Add +0.1%
ALRM Alarm.com Holdings Inc. 1.18% 1,298,777 $68.9M Reduce -0.5%
TECH Bio-Techne Corp. 1.13% 1,185,008 $65.9M Reduce -0.0%
PLUS Eplus Inc. 1.12% 919,262 $65.3M Reduce -0.3%
DGII Digi International Inc. 1.08% 1,724,000 $62.9M Reduce -0.4%
AX Axos Financial Inc. 1.07% 738,330 $62.5M Reduce -0.1%
VCEL Vericel Corp. 1.05% 1,946,305 $61.3M Add +9.0%
IIIV I3 Verticals Inc. Class A 1.05% 1,881,539 $61.1M Reduce -0.3%
DCI Donaldson Co. Inc. 1.03% 735,220 $60.2M Reduce -0.2%
AXON Axon Enterprise Inc. 0.97% 79,002 $56.7M Reduce -5.6%
WDFC WD-40 Co. 0.90% 264,136 $52.2M Add +0.3%
JJSF J & J Snack Foods Corp. 0.89% 541,238 $52.0M Reduce -2.2%
MTSI Macom Technology Solutions H 0.88% 414,297 $51.6M Add +140.6%
ROL Rollins Inc. 0.88% 876,868 $51.5M Reduce -2.9%
APH Amphenol Corp. Class A 0.86% 407,236 $50.4M Reduce -21.3%
SPSC SPS Commerce Inc. 0.86% 479,987 $50.0M Reduce -22.5%
KEYS Keysight Technologies Inc. 0.85% 283,477 $49.6M Add +0.7%
BL Blackline Inc. 0.84% 918,205 $48.8M Reduce -0.7%
ORLY O'reilly Automotive Inc. 0.82% 442,323 $47.7M Reduce -4.9%
CPRT Copart Inc. 0.73% 947,726 $42.6M Reduce -6.2%
HEI.A Heico Corp. Class A 0.69% 159,339 $40.5M Reduce -4.6%
MPWR Monolithic Power Systems Inc. 0.67% 42,484 $39.1M Reduce -2.3%
OPCH Option Care Health Inc. 0.65% 1,369,862 $38.0M Add +27.6%
CSGP Costar Group Inc. 0.63% 436,009 $36.8M Reduce -2.6%
HLNE Hamilton Lane Inc. Class A 0.63% 272,660 $36.8M Add +0.1%
MRTN Marten Transport Ltd. 0.60% 3,283,646 $35.0M Reduce -2.1%
WMS Advanced Drainage Systems Inc. 0.60% 251,022 $34.8M Reduce -2.5%
CDNS Cadence Design SYS Inc. 0.57% 95,188 $33.4M Reduce -4.5%
BURL Burlington Stores Inc. 0.57% 130,388 $33.2M Reduce -2.5%
UFPT Ufp Technologies Inc. 0.54% 158,496 $31.6M Add +88.6%
PLMR Palomar Holdings Inc. 0.52% 259,328 $30.3M Reduce -0.6%
RYAN Ryan Specialty Holdings Inc. 0.52% 535,742 $30.2M Add +11.2%
POOL Pool Corp. 0.50% 94,568 $29.3M Reduce -2.5%
VRSK Verisk Analytics Inc. 0.47% 108,891 $27.4M Reduce -4.7%
CHD Church & Dwight Co. Inc. 0.46% 308,615 $27.0M Reduce -2.8%
IDXX Idexx Laboratories Inc. 0.46% 41,967 $26.8M Reduce -4.7%
WSO Watsco Inc. 0.45% 65,221 $26.4M Reduce -12.2%
STE Steris PLC 0.43% 102,344 $25.3M Reduce -4.7%
HUBS HubSpot Inc. 0.43% 53,373 $25.0M Add +2.5%
FISV Fiserv Inc. 0.40% 180,530 $23.3M Reduce -6.0%
ICE Intercontinental Exchange Inc. 0.40% 137,680 $23.2M Reduce -4.6%
INTU Intuit Inc. 0.40% 33,793 $23.1M Reduce -4.5%
BLFS Biolife Solutions Inc. 0.39% 899,031 $22.9M Reduce -0.3%
CBZ Cbiz Inc. 0.39% 432,882 $22.9M Reduce -3.8%
IWO iShares Russell 2000 Growth 0.39% 70,790 $22.7M Add +109.3%
BR Broadridge Financial Solutio 0.38% 92,998 $22.1M Reduce -4.6%
ROP Roper Technologies Inc. 0.35% 41,508 $20.7M Reduce -4.9%
RJF Raymond James Financial Inc. 0.32% 107,773 $18.6M Add +11.5%
VMC Vulcan Materials Co. 0.32% 60,148 $18.5M Add +13.3%
IT Gartner Inc. 0.31% 69,722 $18.3M Reduce -5.0%
IEX Idex Corp. 0.28% 99,415 $16.2M Reduce -4.9%
WSC Willscot Holdings Corp. 0.27% 740,513 $15.6M Reduce -1.7%
AZTA Azenta Inc. 0.25% 515,875 $14.8M Reduce -0.8%
EPAM Epam Systems Inc. 0.25% 96,649 $14.6M Reduce -2.9%
FOXF Fox Factory Holding Corp. 0.24% 580,649 $14.1M Reduce -0.3%
DDOG Datadog Inc. Class A 0.23% 96,066 $13.7M Add +20.7%
MLAB Mesa Laboratories Inc. 0.22% 191,386 $12.8M Reduce -3.9%
ULTA Ulta Beauty Inc. 0.22% 23,023 $12.6M Reduce -4.5%
FICO Fair Isaac Corp. 0.21% 8,328 $12.5M Add +3.2%
ODFL Old Dominion Freight Line 0.20% 83,202 $11.7M Reduce -4.9%
DXCM Dexcom Inc. 0.17% 148,095 $10.0M Reduce -4.9%
TRMB Trimble Inc. 0.14% 101,044 $8.3M Reduce -4.6%
SSNC Ss&c Technologies Holdings 0.12% 80,756 $7.2M Reduce -4.4%
COO The Cooper Cos Inc. 0.12% 100,181 $6.9M Reduce -4.7%
VEEV Veeva Systems Inc. Class A 0.11% 22,471 $6.7M New
BSY Bentley Systems Inc. Class B 0.11% 126,294 $6.5M Reduce -4.6%
APG Api Group Corp. 0.09% 151,819 $5.2M New
MKTX Marketaxess Holdings Inc. 0.07% 24,028 $4.2M Add +0.3%
FRPT Freshpet Inc. 0.07% 70,256 $3.9M Reduce -6.7%
ALGN Align Technology Inc. 0.06% 29,255 $3.7M Reduce -6.3%
FBIN Fortune Brands Innovations I 0.06% 64,237 $3.4M Reduce -4.1%
GNRC Generac Holdings Inc. 0.06% 20,414 $3.4M Reduce -4.3%
MSFT Microsoft Corp. 0.06% 6,409 $3.3M Reduce -9.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 22,609 $3.3M Reduce -3.6%
CGNX Cognex Corp. 0.05% 65,612 $3.0M Reduce -4.2%
COST Costco Wholesale Corp. 0.05% 3,029 $2.8M Reduce -3.6%
GOOGL Alphabet Inc. Class A 0.05% 11,114 $2.7M Reduce -3.6%
MRVL Marvell Technology Inc. 0.05% 31,483 $2.6M Reduce -3.6%
V Visa Inc. Class A 0.04% 7,373 $2.5M Reduce -3.6%
WMT Walmart Inc. 0.04% 23,876 $2.5M Reduce -3.6%
TMO Thermo Fisher Scientific Inc. 0.04% 4,982 $2.4M Reduce -3.7%
IWP iShares Russell Mid-Cap Grow 0.04% 14,459 $2.1M Add +21.8%
MSI Motorola Solutions Inc. 0.03% 4,414 $2.0M Reduce -3.6%
CRL Charles River Laboratories 0.03% 12,697 $2.0M Reduce -2.8%
LOW Lowe's Cos Inc. 0.03% 7,892 $2.0M Reduce -3.6%
ECL Ecolab Inc. 0.03% 6,689 $1.8M Reduce -3.7%
ISRG Intuitive Surgical Inc. 0.03% 3,964 $1.8M Reduce -3.6%
DHR Danaher Corp. 0.03% 8,856 $1.8M Reduce -3.6%
SPGI S&P Global Inc. 0.03% 3,331 $1.6M Add +19.3%
VLTO Veralto Corp. 0.02% 11,092 $1.2M Reduce -3.6%
CRM Salesforce Inc. 0.02% 4,815 $1.1M Reduce -3.6%
EW Edwards Lifesciences Corp. 0.02% 13,951 $1.1M Reduce -3.6%

Portfolio Sells Q2 2025 → Q3 2025
SPSC SPS Commerce Inc. Reduce -22.5% 0.86% −0.55
VERX Vertex Inc. Class A Reduce -2.8% 1.25% −0.54
NOVT Novanta Inc. Reduce -1.0% 1.68% −0.45
NVEE NV5 Global Inc. Sold out 0.00% −0.32
TXRH Texas Roadhouse Inc. Reduce -0.7% 2.72% −0.30
KNSL Kinsale Capital Group Inc. Reduce -0.6% 2.47% −0.29
TYL Tyler Technologies Inc. Reduce -1.1% 2.11% −0.25
AXON Axon Enterprise Inc. Reduce -5.6% 0.97% −0.19
IT Gartner Inc. Reduce -5.0% 0.31% −0.18
HQY Healthequity Inc. Reduce -1.0% 1.78% −0.16
JJSF J & J Snack Foods Corp. Reduce -2.2% 0.89% −0.16
FISV Fiserv Inc. Reduce -6.0% 0.40% −0.16
PLMR Palomar Holdings Inc. Reduce -0.6% 0.52% −0.15
CBZ Cbiz Inc. Reduce -3.8% 0.39% −0.15
DSGX The Descartes Systems Grp Reduce -0.1% 2.54% −0.14
EXPO Exponent Inc. Reduce -1.0% 2.21% −0.13
MRTN Marten Transport Ltd. Reduce -2.1% 0.60% −0.13
VRSK Verisk Analytics Inc. Reduce -4.7% 0.47% −0.13
CPRT Copart Inc. Reduce -6.2% 0.73% −0.10
WSO Watsco Inc. Reduce -12.2% 0.45% −0.10
MLAB Mesa Laboratories Inc. Reduce -3.9% 0.22% −0.09
WSC Willscot Holdings Corp. Reduce -1.7% 0.27% −0.08
GPN Global Payments Inc. Sold out 0.00% −0.07
INTU Intuit Inc. Reduce -4.5% 0.40% −0.07
LULU Lululemon Athletica Inc. Sold out 0.00% −0.07
RBC RBC Bearings Inc. Reduce -5.2% 4.02% −0.06
ROP Roper Technologies Inc. Reduce -4.9% 0.35% −0.06
DXCM Dexcom Inc. Reduce -4.9% 0.17% −0.06
ALRM Alarm.com Holdings Inc. Reduce -0.5% 1.18% −0.05
CHD Church & Dwight Co. Inc. Reduce -2.8% 0.46% −0.05
ICE Intercontinental Exchange Inc. Reduce -4.6% 0.40% −0.05
EPAM Epam Systems Inc. Reduce -2.9% 0.25% −0.04
BL Blackline Inc. Reduce -0.7% 0.84% −0.04
ODFL Old Dominion Freight Line Reduce -4.9% 0.20% −0.04
ALGN Align Technology Inc. Reduce -6.3% 0.06% −0.04
IEX Idex Corp. Reduce -4.9% 0.28% −0.03
HEI.A Heico Corp. Class A Reduce -4.6% 0.69% −0.03
FRPT Freshpet Inc. Reduce -6.7% 0.07% −0.02
BR Broadridge Financial Solutio Reduce -4.6% 0.38% −0.02
AZTA Azenta Inc. Reduce -0.8% 0.25% −0.01
FOXF Fox Factory Holding Corp. Reduce -0.3% 0.24% −0.01
BSY Bentley Systems Inc. Class B Reduce -4.6% 0.11% −0.01
COO The Cooper Cos Inc. Reduce -4.7% 0.12% −0.01
ISRG Intuitive Surgical Inc. Reduce -3.6% 0.03% −0.01
OLLI Ollie's Bargain Outlet Holdi Reduce -0.0% 2.49% −0.01
VBK Van Morst SML-Cap Gro-Usd Inc. Sold out 0.00% −0.00
COST Costco Wholesale Corp. Reduce -3.6% 0.05% −0.00
CRM Salesforce Inc. Reduce -3.6% 0.02% −0.00
V Visa Inc. Class A Reduce -3.6% 0.04% −0.00
MSFT Microsoft Corp. Reduce -9.0% 0.06% −0.00

Portfolio Buys Q2 2025 → Q3 2025
ONTO Onto Innovation Inc. Add +0.3% 2.40% +0.58
MTSI Macom Technology Solutions H Add +140.6% 0.88% +0.47
RGEN Repligen Corp. Add +22.4% 1.37% +0.35
IWO iShares Russell 2000 Growth Add +109.3% 0.39% +0.23
UFPT Ufp Technologies Inc. Add +88.6% 0.54% +0.20
BCPC Balchem Corp. Add +10.3% 2.54% +0.16
SITE Siteone Landscape Supply Inc. Add +0.0% 1.68% +0.14
VEEV Veeva Systems Inc. Class A New 0.11% +0.11
CERT Certara Inc. Add +0.8% 1.29% +0.09
APG Api Group Corp. New 0.09% +0.09
VMC Vulcan Materials Co. Add +13.3% 0.32% +0.09
BFAM Bright Horizons Family Solut Add +18.3% 1.32% +0.08
KEYS Keysight Technologies Inc. Add +0.7% 0.85% +0.08
RJF Raymond James Financial Inc. Add +11.5% 0.32% +0.07
OPCH Option Care Health Inc. Add +27.6% 0.65% +0.07
DDOG Datadog Inc. Class A Add +20.7% 0.23% +0.06
BLKB Blackbaud Inc. Add +0.2% 1.35% +0.04
IWP iShares Russell Mid-Cap Grow Add +21.8% 0.04% +0.01
SPGI S&P Global Inc. Add +19.3% 0.03% +0.00
GMED Globus Medical Inc. Class A Add +0.1% 2.05% −0.01
MKTX Marketaxess Holdings Inc. Add +0.3% 0.07% −0.02
HLNE Hamilton Lane Inc. Class A Add +0.1% 0.63% −0.02
RYAN Ryan Specialty Holdings Inc. Add +11.2% 0.52% −0.03
FICO Fair Isaac Corp. Add +3.2% 0.21% −0.03
VVV Valvoline Inc. Add +0.1% 1.20% −0.03
TREX Trex Company Inc. Add +0.1% 1.53% −0.04
CWST Casella Waste Systems Inc. Class A Add +15.9% 2.04% −0.05
HUBS HubSpot Inc. Add +2.5% 0.43% −0.06
AGYS Agilysys Inc. Add +0.1% 1.48% −0.09
WDFC WD-40 Co. Add +0.3% 0.90% −0.11
VCEL Vericel Corp. Add +9.0% 1.05% −0.22

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 119$4.4BRBC, ONTO, ESE, AAON, ROAD
Q1 2026 120$4.7BRBC, ESE, ROAD, GMED, ONTO
Q4 2025 123$5.3BRBC, ROAD, EXLS, GMED, ESE
Q3 2025 121$5.8BRBC, ROAD, EXLS, AAON, ESE
Q2 2025 123$6.0BRBC, ROAD, EXLS, TXRH, ESE
Q1 2025 125$5.4BEXLS, KNSL, RBC, ROAD, TXRH
Q4 2024 131$5.8BROAD, EXLS, AAON, KNSL, RBC
Q3 2024 130$6.0BROAD, ONTO, KNSL, EXPO, AAON
Q2 2024 130$5.5BONTO, ROAD, TXRH, RBC, KNSL
Q1 2024 126$5.7BKNSL, ONTO, ROAD, RBC, AAON